CONCENTRIC INTERIM REPORT JANUARY – MARCH 2016
First quarter of 2016: · Net sales: MSEK 518 (623) – down 15% y-o-y, after adjusting for currency (-2%) · Operating income: MSEK 85 (117), generating an operating margin of 16.5% (18.8) – comparative for Q1 2015 includes negative goodwill of MSEK 15 recognised on acquisition of GKN Pumps · Earnings after tax: MSEK 60 (89); basic EPS of SEK 1.46 (2.10) · Solid cash flow generated from operating activities: MSEK 64 (63) · Group’s net debt: MSEK 513 (630); gearing ratio of 63% (84)President and CEO, David Woolley, comments on Q1 2016 interim report: The group’s sales for